Bear Flag in FXI

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Posted on Monday, August 4, 2008 at 04:28PM by

Price Patterns in Bearish Flag

The Olympics kick off in a few days. Wouldn't it be funny if the Chinese stock market hit a new 52-week low during the games?

Watch the FXI, which is the iShares China 25 exchange traded funds. The FXI is one of the better and easier ways to trade China.

The FXI is on the verge of breaking down from a bear flag. A close below $43 would do it.

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